Pancheshwar Multipurpose Project (PMP)
Source: The Hindu
GS II:
Overview
- News in Brief
- About Pancheswar Multipurpose Project
Why in the News?
Recently a high meeting between India and Nepal, and the consensus over sharing the benefits of the Pancheshwar project is not resolved.
News in Brief
- More than a month after India and Nepal signed the agreement on long-term power sharing, the two sides have not managed to make any forward movement on the stalled negotiations over the landmark Pancheshwar Multipurpose Project (PMP).
- A press note issued on this meeting mentioned the two sides discussed “multifaceted cooperation” but it did not include any reference to PMP, which is by far the biggest bilateral power project conceived between the two sides.
- India will extend a financial package of USD 75 million for the reconstruction of infrastructure in Nepal’s western district affected by last year’s quake.
About Pancheswar Multipurpose Project
- Pancheshwar Multipurpose Project (PMP) is a bi-national hydropower project to be developed in Mahakali River bordering Nepal and India.
- Development of PMP, is a mutual interest project between two countries, and is covered under integrated Mahakali Treaty signed between Nepal and India according to which, equal sizes of underground power house i.e. of 3240MV will be constructed on each side of Mahakali river in India and Nepal.
- Moreover, the PMP also offer benefit of regulated water for irrigation to a vast area of agricultural land both in Nepal and India along with benefit of flood control at downstream.
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